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Applied Statistics and Financial Modelling MSc

Applied Statistics and Financial Modelling MSc

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Applied Statistics Financial Modelling

Course type

Taught

Course Summary

The programme is ideal if you are considering a career move into statistics, or if your work already involves aspects of data collection and exploration, the interpretation of statistics, or the use of advanced stochastic modelling techniques in the area of quantitative finance. It covers both theory and application of stochastic and statistical modelling techniques required to solve applied problems in industry, the public services, scientific research and commerce. The programme has been specially designed to meet the personal and career development needs of people who want to continue working while also studying in the evening.

Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations, although this will vary from course to course - on some of our courses, assessment is entirely by coursework. You will need to allow time to complete coursework and prepare for exams.

Graduates can pursue careers in data collection, research, and analysis, modelling and forecasting. Possible professions include statistician, operational researcher, or research scientist (maths). This degree may also be useful in becoming a forensic statistician or higher education lecturer.

Different course options

Study mode

Part time evening

Duration

2 years

Start date

OCT-19

Modules

In this module students should be able to demonstrate: knowledge and understanding of the theory of random variables and their distributions, together with knowledge of a wide range of standard distributions; knowledge and understanding of the axiomatic approach to probability; the ability to recognize the appropriate distributions to use when modelling data that arise in different contexts and applications; knowledge and understanding of the principles and theory of statistical inference and the ability to use the theory and available data to estimate model parameters and formulate and test statistical hypotheses; knowledge and understanding of the theory and properties of ARMA and ARIMA models, and the ability to apply the theory to the analysis of times series data, to model fitting, model choice, interpretation and forecasting; the ability to use advanced statistical software for the analysis of time series data; knowledge and understanding of the theory of homogeneous discrete time Markov Chains.

Tuition fees

UK fees
Course fees for UK / EU students

Tuition fee for: Year 1 £4450, Year 2: £8225

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK / EU students

Tuition fee for: Year 1 £7600, Year 2: £10975

Average for all Postgrad courses (per year)

£12,227

Entry requirements

Course specific entry requirements: Students need a good upper second-class degree or above, with mathematics or statistics as a main subject. Other degrees or professional qualifications may also be acceptable, such as the Birkbeck Graduate Certificate in Statistics or the Graduate Diploma of the Royal Statistical Society. Standard postgraduate entry requirement is a second-class honours degree (2:2 or above) from a UK university, or an equivalent international qualification. We will review every postgraduate application to Birkbeck on its individual merits and their professional qualifications and/or relevant work experience will be taken into consideration positively. We actively support and encourage applications from mature learners. Our standard postgraduate entry requirement for international students is a second-class honours degree (2:2 or above) from a UK university or an equivalent international qualification.

University information

With a history that dates back 200 years, Birkbeck, University of London is unique in that it delivers its near-300 postgraduate courses in the evenings, enabling students to work or focus on other commitments during the day. Courses can be studied full-time or part-time and some can be studied through distance learning. Birkbeck is one of the world’s leading research universities and provides its 700 postgraduate research student with a...more

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